BLBG: Australian, N.Z. Dollars Weaken as Euro Slides on Debt Concerns
By Candice Zachariahs
June 2 (Bloomberg) -- The Australian and New Zealand dollars weakened, reversing earlier gains, as the euro’s decline toward a four-year low sapped investor demand for higher- yielding assets.
The Australian dollar fell to 82.89 U.S. cents as of 3:13 p.m. in Sydney from 83.12 cents yesterday in New York. The New Zealand currency fell 0.1 percent to 67.42 U.S. cents.
To contact the reporter on this story: Candice Zachariahs in Sydney at czachariahs2@bloomberg.net
